The early morning fall can be seen as a successful technical pullback. Bitcoin quickly rebounded to 112200 after touching around 111400, which coincides with the previous key support area and the middle band of the Bollinger Bands at the 4-hour level. The price failed to effectively break below this position and quickly reversed, indicating that the long positions' defense line is solid. This dip seems more like a buildup and whipsaw for the subsequent rise.

From a momentum perspective, positive signals have appeared on the smaller time frames. When the price reached a new low, some technical indicators did not follow suit, forming a potential "bottom divergence," which typically indicates a depletion of short-term bearish momentum and a weakening of selling pressure, providing intrinsic motivation for a technical rebound. The larger trend structure remains intact. The current fluctuations can be understood as a necessary consolidation before challenging previous highs; as long as the price holds above the core support zone of 111000-110000, the market focus remains bullish. This pullback actually provides long positions with a more ideal entry opportunity, and if the market stabilizes above 112500 with increasing volume, the upward trend is likely to continue. #狗狗币ETF进展#

Bitcoin strategy: go long around 111900, target 113300
Ethereum strategy: Long positions around 4165, target 4250